Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Year Ended December 31,
	2021		2020		2019
NET SALES BY BUSINESS SEGMENT
Siding	$	1,170	$	959	$	917
OSB	2,387		1,220		777
EWP	638		389		396
South America	265		169		159
Other	95		52		66
Intersegment Sales	(3)		(1)		(5)
Total sales	$	4,553	$	2,788	$	2,310

PROFIT BY SEGMENT
Net income	$	1,373	$	497	$	(10)
Add (deduct):
Loss from noncontrolling interest	4		2		5
Income from operations attributed to LP	1,377		499		(5)
Provision for income taxes	426		125		(13)
Depreciation and amortization	119		111		122
Stock-based compensation expense	17		12		9
Loss on impairment attributed to LP	5		15		92
Other operating credits and charges, net	(1)		(4)		1
Product-line discontinuance charges	—		8		—
Pension settlement charges	2		—		—
Interest expense	14		19		19
Investment income	(1)		(4)		(10)
Loss on early debt extinguishment	11		—		—
Other non-operating items	4		—		(6)
Adjusted EBITDA	$	1,972	$	781	$	209
Siding	$	289	$	246	$	169
OSB	1,531		519		10
EWP	95		23		26
South America	113		42		34
Other	(20)		(19)		(3)
Corporate	(36)		(30)		(27)
Adjusted EBITDA	$	1,972	$	781	$	209
	Year Ended December 31,
	2021		2020		2019
Depreciation and Amortization
Siding	$	34	$	32	$	36
OSB	69		65		59
EWP	5		4		16
South America	8		7		9
Other	4		3		3
Non-segment related	—		—		—
Total depreciation and amortization	$	119	$	111	$	123
Capital Expenditures
Siding	$	177	$	34	$	86
OSB	47		25		46
EWP	5		6		6
South America	20		7		7
Other	2		4		14
Non-segment related	4		1		4
Total capital expenditures	$	254	$	77	$	163

Information concerning identifiable assets by segment is as follows: 

	December 31,
	2021		2020
Identifiable Assets
Siding	$	705	$	521
OSB	521		511
EWP	121		81
South America	118		106
Other	86		90
Non-segment related	643		778
Total assets	$	2,194	$	2,086

Schedule of Segment Reporting Information, by Geographical Areas [Table Text Block]

Information concerning our geographic segments is as follows:

	Year Ended December 31,
	2021		2020		2019
GEOGRAPHIC LOCATIONS
Total Sales—Point of origin
U.S.	$	3,848	$	2,425	$	1,968
Canada	915		643		653
South America	291		185		178
Intercompany sales	(501)		(465)		(489)
Total Sales	$	4,553	$	2,788	$	2,310
Operating profit (loss)
U.S.	$	1,709	$	608	$	95
Canada	61		50		(17)
South America	106		35		25
Other operating credits and charges, net and loss on impairments of assets	(5)		(20)		(93)
General corporate expense, loss on early debt extinguishment, other income (expense) and interest, net	(72)		(52)		(33)
	1,799		621		(23)
Provision for income taxes	(426)		(125)		13
Income from continuing operations	$	1,373	$	497	$	(10)
Loss attributed to noncontrolling interest	4		2		5
Income from continuing operations attributed to LP	$	1,377	$	499	$	(5)
IDENTIFIABLE TANGIBLE LONG LIVED ASSETS
U.S.	$	419	$	533	$	570
Canada	683		367		390
South America	75		77		74
Total assets	$	1,177	$	977	$	1,034